O’Qubuss is being run in secret. This is likely because it is a new version of the IX Inversors Ponzi scheme, which has already failed twice.
When you go to O’Qubuss’ website, it’s empty. It looks like you can only get to the signup form and back office with an O’Qubuss referral link.
This is a way to try to hide the plan from the police.
The domain name for O’Qubuss’s website was registered privately on June 23, 2022.
The marketing department of O’Qubuss confirms ties to Alexander Hernandez:
Hernandez ran the IX Inversors Ponzi scheme as the company’s CEO.
IX Inversors came out in 2021, but it wasn’t until February 2022 that the government started to pay attention to them. Both Spain and Ecuador warned about the Ponzi scheme and securities fraud.
IX Inversors would end up going out of business, which Hernandez called a “liquidation.” This caused DIA to restart briefly and Hyperuincap to restart even more briefly.
In March 2022, Ecuador’s investigation of IX Inversors and Hernandez got more serious.
The Superintendencia de Bancos sent its findings to the Financial and Economic Analysis Unit (UAFE) so that money laundering and other financial crimes could be looked into more.
That was the end of IX Inversors, DIA, and Hyperuincap. At least until June, when Hernandez came back with O’Qubuss.
Hernandez is thought to have left the country. He is from Ecuador. No one knows where he is or what’s happening to him.
Like the games that came before it, O’Qubuss is mostly promoted in Latin America.
Most of the time, O’Qubuss scammers find investors through sketchy WhatsApp and Telegram groups:
If an MLM company isn’t clear about who owns or runs it, you should always think twice before joining or giving them any money.
The Products of O’Qubuss
O’Qubuss has no goods or services that can be sold.
Affiliates can only promote O’Qubus’s affiliate membership.
Plan for O’Qubuss’s pay
Affiliates of O’Qubuss put money equivalent to USD into cryptocurrency. This is done because a 200% ROI is promised.
O’Qubuss solicits investment across XX plans:
Starter 100 – $100
Starter 300 – $300
Starter 500 – $500
Entrepreneur 1000 – $1000
Entrepreneur 2000 – $2000
Entrepreneur 3000 – $3000 Executive 5000 – $5000
Executive 10,000 – $10,000
Executive: $20,000 to $20,000 Grand Investor: $30,000 to $30,000
Grand Investor 40,000 to $40,000
Grand Investor 50,000 to $50,000
The 200% ROI is based on all commissions earned through O’Qubuss’s MLM opportunity.
Once you’ve made 200% of what you put in, you have to reinvest to keep making money.
The MLM part of O’Qubuss makes money when affiliate investors are brought in.
O’Qubuss gives commissions on funds invested through referrals down three levels of recruitment (unilevel):
level 1 (affiliates you recruited yourself): 6%
level 2 – 4% level 3 – 2%
Affiliates who get other people to invest are rewarded by O’Qubuss with the following one-time Rank Bonuses:
Business Expert: Get other people to invest $600,000 and you’ll get a pin of recognition and tickets to an “international event.”
Business Manager: Get other people to invest $1,200,000 and you’ll get a “VIP Academy Trading Pro” membership (it’s not clear what this is).
Legend: Get other people to invest $2,000,000 and you’ll get a free trip to Punta Cana in the Dominican Republic for 5 days and 4 nights.
Note that Rank Bonuses are only based on the first three levels of investment.
Joining as an affiliate of O’Qubuss is free.
To fully take part in the attached income opportunity, you will need to invest between $100 and $50,000.
O’Qubuss asks people to invest in bitcoin, binance coin, Binance USD, tether and inhibits.
In March, the media in Ecuador said that thousands of IX investors had lost a lot of money. In every country where IX Investors was advertised, the same thing happened.
The Ponzi scheme is now on its third try with O’Qubuss, which is more of the same.
Early on, you’ll run into people who have done this before and made money with IX Inversors, DIA, and Hyperuincap. They’ll bring along victims who lost money and want to get it back.
Once these easy targets have been taken care of, O’Qubuss’ website will be open to everyone.
If Ecuador’s investigation doesn’t put an end to Alexander Hernandez first. MLM Ponzi schemes are sometimes regulated in Latin America, but this is not always the case.
As with all MLM Ponzi schemes, new money will stop coming in once affiliate recruitment stops.
This will stop O’Qubuss from getting money from ROI, which will eventually lead to another collapse.
Most people who join Ponzi schemes lose money, as we’ve seen with IX Inversors, DIA, and Hyperuincap.